VodkaHaze

10 ms·

31.
by VodkaHaze 10y ago
I think you would enjoy "How Nations Fail" by Acemoglu and Robinson, and the EconTalk podcast with Russ Roberts.
32.
by VodkaHaze 10y ago
Especially when memory constrained
33.
by VodkaHaze 10y ago
The whole digging holes theory of aggregate demand is what's called "vulgar Keynesianism"
34.
by VodkaHaze 10y ago
Yes, and we should ask Lysenkoists about effective growing of crops. Marx contributed massively to sociology. He contributed nothing of note to economics that's really relevant to this day (not that his effort was not commendable). Sti
35.
by VodkaHaze 10y ago
There is a lot of scanning going on by a lot of people
36.
by VodkaHaze 10y ago
That's a bad argument to make, though, because nothing about Arrow's theorem says how much the criteria will be broken, only that they can't be fully satisfied. Moreover, it doesn't apply to "range voting" meth
37.
by VodkaHaze 10y ago
Nassim Taleb is like his own Markov chain text generator now
38.
by VodkaHaze 10y ago
DSGE models aim to be explanatory models of an economy. They are not the best at predicting (bayesian VARs do better forecasting, there is a tutorial on it in my quant econ link) but they turn out to do forecasting decently well, too. The r
39.
by VodkaHaze 10y ago
Always fun to point out is that the NY federal reserve switched their full scale model of the economy to Julia last year[1]. It's also open source, so data scientists interested in macroeconomics can feel free to play around with it. M
40.
by VodkaHaze 10y ago
If you need performance on these kind of structures, you can use structured arrays in python. The main reason I like the idea of Julia is that I don't see the problem of parallelism being addressed in python, at least not without cumbe
41.
by VodkaHaze 10y ago
Is there any probabilistic argument around the proof? For instance, a decade before Wiles' proof of Fermat's Last Theorem, Feynman[1] showed it was extremely unlikely to be false. While you're not getting a million from Clay
42.
by VodkaHaze 10y ago
There is such a thing as the "resource curse". That is, if a country is rich with exploitable resources, the political economy will tend towards infighting over who controls the resources. This is akin to a zero sum game, instead
43.
by VodkaHaze 10y ago
Externalities are usually solved through pigouvian taxes. But since we can't really know in advance what product will/won't be secure (or at least it's incredibly difficult in the constantly goalpost moving security indu
44.
by VodkaHaze 10y ago
Those sort of information asymmetry problems (in this case, you can't know the quality of the service you're buying until it's far too late) are a textbook case of market failure [1] [2]. You can improve the outcome sometimes
45.
by VodkaHaze 10y ago
This is the second time it's been pointed to me this month and I'm incorrigible. Piketty looks weird to me because I pronounce it "Pike-etty" instead of "pique-etty" in my head.
46.
by VodkaHaze 10y ago
You forgot the owners of the company. Presumably taxing the company would equate taxing them, which is separate from workers. But such is not how tax incidence works.
47.
by VodkaHaze 10y ago
> We should be taxing wealth and not income (or roughly speaking, unearned instead of earned income). You'll see most economists advocating a consumption tax, instead. > quantitive easing pumping up asset prices w
48.
by VodkaHaze 10y ago
> my experience is that everyone, more or less, is better off from generation to generation, at least in material terms. That is correct. Even when people make claims like "middle class income hasn't grown in the last xyz years
49.
by VodkaHaze 10y ago
I didn't say it requires such an education; I said it was intended for those people. Anyone can read it, really, it's just going to be a slog for most people. Like reading some famous philosophy books (Sartre or the big name Germa
50.
by VodkaHaze 10y ago
I'd like to add that there seems to be more of a consensus in education inequality. That is, noncognitive skills developed very early (age 0-4) are a huge factor in educational outcome and early childhood intervention is pretty close t
51.
by VodkaHaze 10y ago
It just came out at an appropriate time; a year after Occupy Wall Street, etc. Inequality and inter-generational mobility is clearly on people's minds these days. Similar story happened with Nassim Taleb's Black Swan book. It&#x27
52.
by VodkaHaze 10y ago
Picketty's re-response[1]. It gets rather technical from there on. It's not my area of expertise, either, so I won't come with my opinion on the matter. Acemoglu is a giant, and so is Picketty, so I watch the fight from afar.
53.
by VodkaHaze 10y ago
r > g doesn't actually explain that much in terms of wealth inequality. See Acemoglu and Robinson paper in my other reply. There is evidence that intergenerational mobility is going down, but not so much at the tippy top of the ladd
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by VodkaHaze 10y ago
The fact that the book is a best seller when its intended audience is really people with a graduate education in economics tells me that most people bought is as a signal of smartness (or as an honest effort to inform oneself, but without a
55.
by VodkaHaze 10y ago
In the interest of giving the fuller discussion: Picketty's book has been out for a while now. It is good economics. It deserves rightful praise, and scrutiny. Acemoglu and Robinson's answer[1] is also good economics. Digestible p
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by VodkaHaze 10y ago
> Unfortunately the new buzz words of today are the boring stacks of tomorrow. Bullshit. SOME of today's buzzwords will be boring stacks of tomorrow. But unless you're a some sort of oracle, chances are you won't be able t
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by VodkaHaze 10y ago
This: > The subreddit arguing that it’s reasonable to give companies power over democratically legitimated governments Is a massive strawman if you're referring to ISDS (which is what it seems). If you want a trade agreement, the te
58.
by VodkaHaze 10y ago
Yeah it's going through reforms in the next week or so, to improve overall quality. The subreddit has tripled in subscriber base over the last year, and growth like that can be harmful if you're aiming for a higher signal/noi
59.
by VodkaHaze 10y ago
https://www.reddit.com/r/badeconomics/comments/58tf3h/the_go...
60.
by VodkaHaze 10y ago
You want to find the niche expert subreddits. The ones you named are good. So is /r/badhistory, /r/badeconomics [1] which are generally hangouts of experts to make fun of people claiming things. /r/netsec is ge

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